Oakstand negotiated and acquired these assets in 2007 as a distressed asset sale and undertook a strategic review of the land working closely with Woollahra Council and local residents to increase FSR controls from 0.625.1 to 2:1. Oakstand were instrumental in achieving a successful Development Application for the master plan of 65 residential apartments comprising of studios, 1, 2 and 3 bedroom apartments over 3 separate buildings.
